The stock also broke above key technical levels, crossing its 50-day moving average (₹366) and the 100-DMA (₹391). If the momentum sustains, October could turn out to be Birlasoft’s first monthly gain after three consecutive months of losses.
The surge in IT counters, including Birlasoft, may have been aided by a clarification from the Trump administration on H-1B visa rules.
The Trump administration announced that the $100,000 fee will not apply to F-1 student visa holders, L-1 intra-company transferees, or current H-1B visa holders seeking renewals or extensions, providing some relief to Indian IT firms.The announcement comes as a major reprieve for Indian tech professionals, who form the backbone of the H-1B visa program.
There are around 300,000 Indian workers currently in the US on H-1B visas, mostly employed in the technology and services industries.
Indians account for about 70% of all new H-1B visa allocations, followed by Chinese nationals at 11–12%, according to US administration data.
Despite Thursday’s rally, the Birlasoft stock remains down 32% so far in 2025, after falling 22% in 2024.
